Citi sizzles in Hong Kong domestic bond market

Citigroup launches a Hong Kong dollar bond and, may be back for more.
Underlining the funding opportunities available in Hong Kong, Citigroup has plunged into the Hong Kong dollar bond market.

The US-based financial conglomerate priced a HK$1.1 billion $141 million five-year at Hibor plus 15bp. At this size, the issue is largest five-year ever from a non-Asian financial insitution to date in the Hong Kong bond market.

Building on significant investor sponsorship, with this five-year offering we have established a new borrowing franchise for Citigroup. This is the eighth currency that Citigroup has funded in this year and is part of the efforts to diversify the borrowing programme into new investor markets. We expect to continue to expand our funding platform in Hong Kong dollars...
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